Finding 398930 (2023-001)

- Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-05-30
Audit: 307535
Organization: Gratz College (PA)
Auditor: Kreischer Miller

AI Summary

  • Core Issue: The College did not provide proof of timely posting for required quarterly reports on its website.
  • Impacted Requirements: Compliance with federal reporting requirements for the Education Stabilization Fund.
  • Recommended Follow-up: Develop and implement procedures to ensure timely reporting and compliance with ESF program requirements.

Finding Text

Finding 2023-001 Federal Assistance Listing Number: 84.425 Subprogram Number(s): 84.425E, 84.425F, and 84.425N Federal Agency: U.S. Department of Education Program Name: Education Stabilization Fund Type(s) of Compliance Requirements: Reporting Type of Finding: Noncompliance Criteria: The College must publicly post quarterly forms on its website for the specific subprograms of the federal award. Condition: The College posted quarterly reports to its website. However, the College was unable to provide documentation to support the timely posting of these reports. Cause: The College failed to develop and implement procedures to perform the reporting requirements. Effect: The College is noncompliant with the ESF program requirements. Context: 1 out of 2 quarterly reports selected for testing Identification of a Repeat Finding: 2022-002. Recommendation: We recommend that the College develop procedures and related controls over the reporting requirements of the ESF program.

Corrective Action Plan

Finding 2023-001 Corrective Action Plan The College was posting quarterly forms based on its financial records to its website. However, the current platform that the College utilizes does not provide an activity log to show that these reports were posted in a timely manner. The College’s staff and management developed a checklist in response to Finding 2022-002 from the prior year to ensure that reporting, filing, and disbursement requirements for all grants will be met. The College’s management notes that the reports were filed with the U.S. Department of Education on time and were subsequently accepted. The College’s management further notes that these Federal programs have expired and does not anticipate further funding related to the Education Stabilization Fund. Anticipated Completion Date The College anticipates completion of this corrective action on or before August 31, 2024. Name of Contact People Responsible for Corrective Action Thomas R. Cipriano, Jr. – Manager of Business Operations and Facilities Ross Holgado – Manager of Financial Reporting

Categories

Reporting

Other Findings in this Audit

  • 398931 2023-002
    Significant Deficiency Repeat
  • 398932 2023-001
    - Repeat
  • 398933 2023-002
    Significant Deficiency Repeat
  • 398934 2023-003
    - Repeat
  • 398935 2023-001
    - Repeat
  • 398936 2023-002
    Significant Deficiency Repeat
  • 975372 2023-001
    - Repeat
  • 975373 2023-002
    Significant Deficiency Repeat
  • 975374 2023-001
    - Repeat
  • 975375 2023-002
    Significant Deficiency Repeat
  • 975376 2023-003
    - Repeat
  • 975377 2023-001
    - Repeat
  • 975378 2023-002
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $1.12M
84.425 Education Stabilization Fund $37,516
84.063 Federal Pell Grant Program $1,479